Overview

• Pilatus halted all PC-12 and PC-24 business-jet deliveries to US customers after the Trump administration’s 39% tariff on Swiss imports went into effect on August 6.
• The United States represents about 40% of Pilatus’s sales, with four of every ten PC-12 and PC-24 jets destined for US operators, creating significant revenue exposure.
• To counter rising costs, Pilatus is exploring alternative international markets and considering workforce protections, including reduced hours, to safeguard its 3,000 employees.
• Local production in Sarasota could allow Pilatus to avoid the 39% tariff by manufacturing US-bound jets domestically.
• The Swiss Federal Council reaffirmed the strength of US-Swiss economic ties and declined immediate countermeasures despite calls from some officials to reevaluate the planned F-35A purchase.